Do You Need to Lodge a SGC Statement by 28 August 2024?

Just a reminder - if super guarantee payments for the June 2024 quarter were not paid by 28 July 2024, and have either since been paid or remain outstanding, a super guarantee charge statement form is required to be lodged with the ATO before 28 August 2024.

Example 1

XYZ Pty Ltd owed superannuation of $2000 to Jane Adams for the June 2024 quarter. This was paid directly to the super fund on 10th August 2024. As this was paid late (past the due date of 28th July), a superannuation guarantee charge statement is required to be lodged with the ATO by 28 August 2024. This statement will incur interest on the late payment, as well as a $20 admin fee (per employee).

Example 2

ABC Pty Ltd owed superannuation of $1000 to John Doe for the June 2024 quarter, which currently remains outstanding. A superannuation guarantee charge statement is required to be lodged with the ATO by 28 August 2024. This statement will include the $1000 payment that remains outstanding, the interest on the late payment, and the $20 admin fee.

Lodging an SGC statement is relatively straightforward. Employers can do this online through the ATO's Business Portal or by using the SGC statement form available on the ATO website.  Alternatively, we can prepare on your behalf.

If you have any questions in relation to the matters discussed in this blog, please get in touch with us.